In recent trading, Petroleo Brasileiro SA (NYSE: PBR) shares rose to $11.76, surpassing the average analyst 12-month target price of $11.75, as reported on October 10, 2023. The average target is based on contributions from four analysts, with a range spanning from a low of $11.00 to a high of $13.00 and a standard deviation of $0.866.
Currently, analysts maintain a mixed outlook on PBR, reflected in an average rating of 3.4 on a scale where 1 indicates a Strong Buy and 5 signifies a Strong Sell. There are no Strong Buy or Buy ratings; however, there are four Hold ratings and one Strong Sell rating. This suggests a cautious sentiment among analysts regarding the stock’s future performance.
